XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF INCOME UNAUDITED (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
Investment advisory and incentive fees $ 88,037us-gaap_AssetManagementFees1 $ 87,797us-gaap_AssetManagementFees1
Distribution fees and other income 13,743gbl_DistributionFeesAndOtherIncome 14,873gbl_DistributionFeesAndOtherIncome
Institutional research services 2,065us-gaap_FeesAndCommissionsOther 1,807us-gaap_FeesAndCommissionsOther
Total revenues 103,845us-gaap_RevenuesExcludingInterestAndDividends 104,477us-gaap_RevenuesExcludingInterestAndDividends
Expenses    
Compensation 44,494us-gaap_LaborAndRelatedExpense 43,897us-gaap_LaborAndRelatedExpense
Management fee 4,437gbl_ManagementFee 4,728gbl_ManagementFee
Distribution costs 14,283us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees 13,963us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
Other operating expenses 6,686us-gaap_OtherCostAndExpenseOperating 5,390us-gaap_OtherCostAndExpenseOperating
Total expenses 69,900us-gaap_OperatingExpenses 67,978us-gaap_OperatingExpenses
Operating income 33,945us-gaap_OperatingIncomeLoss 36,499us-gaap_OperatingIncomeLoss
Other income (expense)    
Net gain from investments 6,958us-gaap_TradingGainsLosses 6,944us-gaap_TradingGainsLosses
Interest and dividend income 1,054us-gaap_InterestAndDividendIncomeOperating 1,141us-gaap_InterestAndDividendIncomeOperating
Interest expense (2,019)us-gaap_InterestExpense (1,992)us-gaap_InterestExpense
Total other income, net 5,993us-gaap_NonoperatingIncomeExpense 6,093us-gaap_NonoperatingIncomeExpense
Income before income taxes 39,938us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 42,592us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision 15,179us-gaap_IncomeTaxExpenseBenefit 14,616us-gaap_IncomeTaxExpenseBenefit
Net income 24,759us-gaap_ProfitLoss 27,976us-gaap_ProfitLoss
Net income attributable to noncontrolling interests (17)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 22us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to GAMCO Investors, Inc.'s shareholders $ 24,776us-gaap_NetIncomeLoss $ 27,954us-gaap_NetIncomeLoss
Net income attributable to GAMCO Investors, Inc.'s shareholders    
Basic (in dollars per share) $ 0.99us-gaap_EarningsPerShareBasic $ 1.10us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.97us-gaap_EarningsPerShareDiluted $ 1.09us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding:    
Basic (in shares) 25,132us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 25,481us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 25,414us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 25,684us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared: (in dollars per share) $ 0.07us-gaap_CommonStockDividendsPerShareDeclared $ 0.06us-gaap_CommonStockDividendsPerShareDeclared